Business Excellence Research Paper Example | Topics and Well Written Essays - 1500 words

Business Excellence - Research Paper Example The business environment has grown quite competitive in the past few decades. In response to the increased competition, several management models have been advanced to aid in navigating the competitive business world. The advancement in technology and development of the education system across the world has contributed significantly to the increase in technology. Apparently, the development of different education systems across the world has diversified knowledge acquisition in the business field. Essentially, the diversification of the business knowledge has led to the establishment of effective management models such as the EFQM  excellence model. The EFQM  excellence model has gained widespread use in the UAE. Basically, the EFQM excellence model can be described as an organized framework adopted by organizations to achieve prosperity objectives. The model has been credited for aiding organization in the struggle towards excellence. In essence, the model keeps the organization on point in matters of goal achievement. Terterov & Ghurfat (2006) states that there are various  awards that have been  instituted  to motivate organizations within the UAE to continue with the struggle to excellent performance. The Dubai Quality Award is among the most effective motivation programs in the UAE that record a huge participation of various organizations and the government sector. The focus of this study is to evaluate the contribution of the Dubai Quality Award to the performance of Aptec Holdings Limited. Aptec Holdings Limited is among the largest distributors in Dubai and also one of the fastest growing companies in the past few years. A critical evaluation of the company’s performance reveals the Dubai Quality Award has played a significant role in its success. It can be observed that the Dubai Quality Award forces firms to produce products or services that are of high quality (Fisher, 2010). The journey to excellence or the Aptec Holdings Limited has had